Whitepaper
This Whitepaper, along with future ones, will detail Ravendex, a cardano dex based on the Uniswap protocol, with numerous unique Cardano blockchain modifications.
Abstract
Ravendex is a Cardano blockchain-based decentralized exchange. It enables blockchain participants to offer liquidity and establish a market for others to swap their native tokens. Swappers pay a modest charge in exchange for this service, while liquidity providers get a return on their liquidity.
Disclaimer
KINDLY READ THIS SECTION CAREFULLY. NOTHING IN THIS WHITEPAPER CONSTITUTES LEGAL, TAX, FINANCIAL, AND/OR PROFESSIONAL ADVICE. AND YOU SHOULD CONSULT A PROFESSIONAL ADVISOR BEFORE ENGAGING IN ACTIVITY CONNECTED WITH THIS DOCUMENT.
NEITHER RAVENDEX, ANY OF THE PROJECT TEAM MEMBERS WHO HAVE WORKED ON THE RAVENDEX PLATFORM, NOR SERVICE PROVIDERS SHALL BE LIABLE FOR ANY DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH THIS DOCUMENT, THE WEBSITE, OR OTHER MATERIALS PUBLISHED UNDER RAVENDEX NAME.
Eligibility
You are not eligible to purchase any Rave Token in any form of Private or Public Sale (as referred to in this Whitepaper) if you are a citizen, resident (tax or otherwise), or green card holder of any country where trading of cryptocurrency is illegal.
No advice
This Whitepaper does not constitute or form part of any opinion on any advice to sell, or any solicitation of any offer by the Team to sell any Rave Tokens nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision. No information in this
Whitepaper should be considered to be business, legal, and financial or tax advice regarding Ravendex, the Rave Tokens, any additional tokens developed or launched, and any form of the Rave Token Sale.
You should consult your own legal, financial, tax, or other professional advisers regarding Ravendex and its respective businesses and operations, the Rave Tokens, the Rave Private and Public Token Sale, and the Ravendex and all upcoming tokens, platforms, pools, or other interactive platform aspects. You should be aware that you may be required to bear the financial risk of any purchase of Rave Tokens for an indefinite period.
No Further Information or Update
No person has been or is authorized to give any information or representation not contained in this Whitepaper in connection with Ravendex and its respective businesses and operations, the Rave Tokens, the Rave Private and Public Token Sale
Sales, any additional tokens that may be developed and, if given, such information or representation must not be relied upon as having been authorized by or on behalf of Ravendex. The Rave Private and Public Token Sale (as referred to in the Whitepaper) shall not, under any circumstances, constitute a continuing representation or create any suggestion or implication that there has been no change, or development reasonably likely to involve a material change in the affairs, conditions and prospects of Ravendex or in any statement of fact or information contained in this Whitepaper since the date hereof.
Forward Looking Statement
All statements contained in this Whitepaper, statements made in press releases or in any place accessible to the public and oral statements that may be made by the Ravendex team or their respective directors, executive directors or employees acting on behalf of the Ravendex team, other than statements of historical fact, constitute "forward-looking statements." However, these terms are not the exclusive means of identifying forward-looking statements. All statements regarding Ravendex team's financial position, business strategies, plans and prospects, and future industry prospects made by Ravendex team are forward-looking statements. These forward-looking statements, including but not limited to statements about the Ravendex token and its profitability, prospects, future plans, other expected industry trends and other matters discussed in this Whitepaper are matters that are not historical facts, but only predictions.
Forward-looking statements relate to expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with a discussion of potential future events, circumstances or future operating or financial performance. These include statements relating to future actions, prospective launchpad products or product approvals, future performance or results of current and anticipated products, sales efforts, expenses, the outcome of contingencies such as legal proceedings, and financial results.
Any or all our forward-looking statements here or in other publications may turn out to be wrong. Our statements can be affected by inaccurate assumptions or by known or unknown present or future risks and uncertainties. Many such factors will be important in determining our actual future results. Consequently, no forward-looking statement can be guaranteed, and they may be adversely affected by factors, including general market conditions, competitive product development, product availability, current and future branded and generic competition, federal and state regulations and legislation, service availability issues, timing of trades, patent positions, litigations, and investigations. Our actual results may vary materially, and there are no guarantees about the performance of the token. We undertake no obligation to correct or update any forward-looking statements, whether because of new information, future events or otherwise
Factors that may alter results include, but are not limited to:
a) changes in the political, social, economic, and stock market conditions or cryptocurrencies, and the regulatory environment in the countries in which the Ravendex team carry out their respective businesses and operations.
b) the risk that the Ravendex team may not be able to execute or implement its respective business strategies and future.
c) changes in interest rates and exchange rates of fixed currencies and cryptocurrencies.
d) changes in the anticipated growth strategies and expected internal growth of Ravendex.
e) changes in the availability and salaries of employees required by the Ravendex team to operate their respective businesses and operations.
f) changes in user behavior and preferences of Ravendex Token holders.
g) changes in the competitive conditions under which Ravendex team operate, and its ability to compete in such conditions.
h) changes in Ravendex team's future capital needs and the availability of financing and capital to finance such needs.
i) war or acts of international or national terrorism.
j) occurrences of catastrophic events, natural disasters and cases of force majeure that affect the business and / or operations of the Ravendex team.
k) other factors beyond Ravendex team's control.
l) any risks and uncertainties associated with Ravendex team, its businesses and operations, the Ravendex Tokens, the Token Sales, etc.
No Offer of Securities or Registration
This Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. No person is bound to enter into any contract or binding legal commitment and no cryptocurrency or other form of payment is to be accepted based on this Whitepaper. Any agreement concerning the sale and purchase of Rave Tokens (as referred to in this Whitepaper) is to be governed by only the T&Cs of such agreement and no other document. In the event of any inconsistencies between the T&Cs and this Whitepaper, the former shall prevail.
REGULATION
No regulatory authority has examined or approved of any of the information set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements, or rules of any jurisdiction. The publication, distribution, or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements, or rules have been complied with.
Background
Decentralized exchanges (DEX) are a form of cryptocurrency exchange that enables direct peer-to-peer cryptocurrency transactions to take place online safely and without the use of a middleman.
DEX proponents argue that the attractiveness of decentralized exchanges is security. A centralized exchange can restrict your access to your cryptocurrency, limit or prohibit your ability to trade it, and potentially leave you exposed to hackers.
A decentralized exchange facilitates trade between individuals by using smart contracts (automatically executed protocols), but does not assume ownership of their currencies.
Uniswap and Curve on Ethereum, as well as PancakeSwap on the Binance Smart Chain, are just a few instances of successful DEXs based on existing blockchains.
Ravendex, however, is a decentralized exchange (DEX) upon the Cardano blockchain.
The Cardano blockchain is a brand-new, third-generation blockchain that focuses on proof of stake for throughput and energy efficiency, among other things.
According to some assessments, the Cardano network as a whole is 1.6 million times more efficient than Bitcoin.
Users and companies who opt to operate on the Cardano blockchain will have a huge and immediate demand for the financial services outlined above as this new ecosystem develops.
One distinction between Cardano and other blockchains is particularly noteworthy for the purposes of this whitepaper. Other smart-contract enabled blockchains' accounting methodology and virtual machine are vastly different. Tokens are kept as a collection of unspent outputs from earlier transactions, and they can be locked with a validation script that decides what conditions they can be used.
Introduction
Ravendex is a cross chain exchange on The Cardano Blockchain that operates using the EUTXO accounting model known for it’s unique features, like the ability to have shared liquidity be split among different assets on The Cardano Ecosystem.
We are also one of the very first projects on The Cardano Ecosystem to conceive the idea of a crypto asset lending and borrowing platform using the recently released Alonzo Hard Fork update which allows smart contracts to deposit assets and collect interests using a pre-defined set of rules.
When Launched, our APY returns might be small compared to other lending platforms on other blockchains like AAVE on the ETH network but our utilization of the borrowed funds and the total returns given to the investors at the end of the lending period is much greater and efficient compared to other networks due to the fast and transaction fee efficiency of The Cardano Blockchain.
Target Market
Crypto Traders & Retail Investors who may want to buy Ravendex as a crypto asset, for long-term holding. Ravendex could be used to pay for goods and services, in the future, or as an option to participate in different launchpads. Its high volatility as an asset and its unpredictability makes it an invaluable form of speculative asset
Multi-function liquidity pool
Liquidity providers (LPs) can pick the pool that is most optimal for a given pair, yielding the highest returns/most capital efficient, by using various pricing algorithms for a single liquidity pool.
At first glance, this appears to result in liquidity fragmentation.
However, because that pool is the most traded against, LPs will automatically direct their money to the most efficient pool for a given pair.
Yearn Finance, for example, has developed an automated yield farming method that will assist LPs in re-balancing their money into the most efficient pools.
This is the same as having several AMM protocols with various pricing functions, but because all pools are on the same platform, transferring liquidity between pools and trading will be faster and cheaper.
Building an AMM with different pool roles in mind will allow for smooth incorporation of the finest community ideas without the need for a hard fork or large migrations.
This is the type of liquidity pool Ravendex will create.
- Constant-product pool
For most pairs, the constant product pricing curve works well, but inverse-correlated pairings (those with prices changing in opposing directions) suffer an impermanent loss.
A constant-product pool's pricing function is quite simple:
- Stable pool
Ravendex discovered that stable pairings (pairs with comparable prices, usually tied to an external asset like BTC or USD) had a superior function.
It's a dynamic "amplification coefficient" that combines constant-product and constant-sum functions.
This helps lower slippage on low-liquidity pools while always ensuring liquidity for large trades.
- Multi-asset pool
This generalizes the concept of constant-product function to more than two assets.
Instead of requiring LPs to contribute an equal quantity of two assets, it allows for the creation of a pool with any amount of any number of assets.
This essentially implies that an LP may give their whole portfolio and have it automatically re-balanced while still collecting fees.
- Dynamic pool
Ravendex’s "amplification factor" is extended from stable pairings to other pairs in general.
Dynamic Market Making (DMM) is the name of the concept.
The “amplification factor” in DMM is set depending on the intrinsic volatility of a pair.
It also offers a new charge structure in which the trading cost is constantly modified based on trading volume and price volatility.
These four pools are just a few instances of what Ravendex can do.
Every day, the AMM area fills up with new and improved ideas, and the best of them will be voted on by the community to be included into Ravendex.
Ravendex Features
- Cross Chain Exchange/ Swap Protocol
Ravendex will be a decentralized automated market maker protocol that will enable users to swap and trade native cardano tokens in a trustless manner. A cross-chain swap enables trading tokens across different blockchains without using an intermediary party (e.g. an exchange service) in the process.
Ravendex follows the HTLC protocol to create a trustless environment for the decentralized exchange of assets. The protocol guarantees that if all participants agree, the swap will take place. On the contrary, each participant should receive their locked funds back if some of them decide not to conclude the process.
READ THIS DISCLAIMER VERY THOROUGLY. CONSULT WITH YOUR OWN LEGAL AND FINANCIAL ADVICE BEFORE ENGAGING IN ANY ACTIVITY INVOLVING FINANCIAL RISK.
NEITHER RAVENDEX, NOR ANY ASSOCIATED THIRD-PARTY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DAMAGE OR LOSS, INCLUDING DIRECT AND INDIRECT, THAT MAY FALL UPON YOU AS A RESULT OF READING THE WHITEPAPER, AND OTHER MATERIALS PRODUCED BY RAVENDEX.
Materials produced by are not intended to be investment advice, solicitation of any kind nor an endorsement. Any decision or actions taken based on information presented in this whitepaper, the Ravendex platform or other associated content is done at the reader’s own discretion and risk. Forward looking statements Certain information set forth in this whitepaper includes forward-looking information regarding the future of the project, future events, projections, and estimations.
These statements may be identified by, but not limited to words and phrases, such as “will”, “should”, “believe to”, “expect”, “project”, “anticipate”, or words of equivalent or similar meaning. Such forward-looking statements are also included in other publicly available Ravendex materials, blog posts, interviews, social media outlets, etc.
Information contained in this whitepaper constitutes forward looking statements and includes but is not limited to:
1. The expected future performance of the project.
2. Completion of the project development.
3. The expected timeline of project development.
4. The expected exact distribution of funds.
5. Execution of project’s vision and strategy.
6. Future implementation of new features and platform functions.
There are no guarantees that Ravendex platform will succeed financially. Similarly, there are no guarantees that the $RAVE token will rise in value.
You are advised to thoroughly assess the risks and uncertainties involved before making any decisions.
No promises, in terms of token value or future performance are made. Representation and warranties for the reader Upon taking action on the basis of the information presented in this whitepaper, you confirm that:
1. This whitepaper, the Ravendex website or any other material produced by the Ravendexlabs team, is not an offering, solicitation or prospectus of any kind.
2. Ravendex is exempt from any direct or indirect liability to the maximum extent of the law.
3. $RAVE tokens are not regarded as securities in any jurisdiction and that $RAVE token is classified as a utility token.
4. You have a good understanding of the key components of blockchain technology and understand how blockchain operates. In addition, you fully understand how to use blockchain wallets, including safeguarding private keys.
5. You understand that no technology, regardless of its quality, is completely protected from malware or social engineering attacks.
6. You are fully aware of the risks in the crypto asset industry and are able to bear potential losses in full.
TEAM
Ravendex developers have a long history of working with cryptocurrencies.
They also possess the marketing, programming, logical, technical, and operational skills needed to accomplish this project.
The Core team has been developing the fundamental idea behind Ravendex for the last 12 months.
The goal is to take advantage of the Cardano ecosystem provide the community with a high quality service, for a more profitable trading environment in the long term.
The Team is choosing to stay anonymous due to certain factors and employment complications.
TOKENOMICS
Last modified 11mo ago